Dollar Index Climbs to 3-Year High After Jobs Gains; Pound Drops – Bloomberg 07-05-13

Salient to Investors:

Dan Dorrow at Faros Trading said the strong jobs numbers suggests tapering sooner because the cumulative strong momentum is there.

Bill Gross at Pimco sees a stronger dollar ahead, but not US-growth friendly as the ECB and BOE ease while Fed tapering looms.

Fed-funds futures indicate the probability of a rate increase of at least a quarter-percent by the Fed’s December 2014 meeting rose to 55 percent from 39 percent on June 5.

Read the full article at http://www.bloomberg.com/news/2013-07-05/dollar-climbs-as-u-s-employers-add-more-workers-than-forecast.html

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